Michael Saylor’s Strategy has added another major stack of Bitcoin to its balance sheet as markets attempt to reclaim bullish momentum.
Key Takeaways:
- Strategy bought 10,624 BTC for $962.7 million, boosting its total holdings to 660,624 BTC.
- The entire purchase was funded through $963 million raised via ATM sales of STRD and MSTR shares.
- Strategy built a $1.44 billion cash reserve to reassure investors and strengthen dividend stability amid market volatility.
In a Monday post on X, Saylor revealed that Strategy purchased 10,624 BTC for roughly $962.7 million, paying an average price of $90,615 per coin.
The company now holds 660,624 BTC acquired for a total of $49.35 billion at an average price of $74,696 per Bitcoin, according to Strategy’s Form 8-K filing with the US Securities and Exchange Commission.
According to the SEC document, Strategy financed the latest buy through its ongoing at-the-market (ATM) equity offering program, selling 442,536 shares of STRD preferred stock and 5.13 million shares of MSTR common stock between December 1–7, generating $963 million in net proceeds.
The filing shows that all BTC purchased during this period was funded directly from ATM proceeds, continuing a pattern that has now become central to Strategy’s corporate playbook.
Last week, Strategy CEO Phong Le said the company’s newly built $1.44 billion cash reserve is designed to quiet investor anxiety over its ability to withstand a sharp downturn in Bitcoin.
Le said the move followed weeks of speculation about whether the firm could continue meeting its dividend and debt commitments if market conditions worsened.
“We’re very much a part of the crypto ecosystem and Bitcoin ecosystem,” Le said. “Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD.”
The reserve, funded via a stock sale, is intended to secure at least 12 months of dividend payments, with plans to stretch that buffer to 24 months.
Concerns over Strategy’s dividend stability had grown louder in recent weeks as Bitcoin retreated from its highs.
Last week, Le said Strategy would only consider selling Bitcoin if the stock dropped below net asset value and the company lost the ability to raise additional funds.
Strategy has also introduced a new “BTC Credit” dashboard, which it says shows the company holds enough assets to service dividends for more than 70 years.
Bitcoin Eyes Breakout as Analysts Predict Fed “Dovish Surprise” Could Ignite Rally
As reported, Bitcoin’s bounce above $92,000 has revived optimism among traders who believe this week’s Federal Reserve meeting could unlock the next leg of the rally.
Analysts at the London Crypto Club argue that a fresh wave of liquidity from the Fed may act as a powerful catalyst, especially after the market spent two months retracing nearly all of its yearly gains.
In a new note, analysts David Brickell and Chris Mills said they expect a “dovish surprise,” predicting the Fed will inject liquidity through a creative bond-buying mechanism while continuing its rate-cutting cycle.
They argue that expanding the balance sheet to “monetise the deficit” could create a strong macro tailwind for Bitcoin heading into the new year, particularly as traders look for a signal that restores confidence.
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